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State: 17.08.2024 | 11PM
Thu, 07.11.2024       Jones Lang LaSalle
US48020Q1076

 Equity Capital to Accelerate Growth at Opportune Start of Real Estate Recovery Cycle

CHICAGO, Nov. 7, 2024 /PRNewswire/ -- JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today that its Sponsor, Jones Lang LaSalle Incorporated (JLL), a leading global commercial real estate and investment management company, committed to make an additional co-investment of equity in the company. JLL will acquire $100 million of Income Property Trust's common stock at the daily NAV public offering price on the date of the investment. The proceeds will be used to accelerate Income Property Trust's investing activities at what is believed to be an opportune time in the current real estate recovery cycle.

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